Stocks dropped Thursday as Wall Street reacted to a mixed bag of corporate earnings, including disappointing results from Tesla. Investors also assessed fresh data that signaled a contracting economy. The Nasdaq Composite slipped 0.8% to settle at 12,059.56. The Dow Jones...
While Ethereum’s price action did see a lot of sideways movement from the second week of March 2021, the closing days of the month renewed bullish momentum. This led to a surge of close to 40 percent over the past two weeks,...
The arrest of a top Huawei executive has roiled the business world and threatens to derail the tenuous trade truce between the United States and China. Meng Wanzhou, the Chinese tech company's chief financial officer, was detained in Vancouver on December 1 at the request of US authorities. She's accused by...
Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times that U.S. banks are packed with “bad loans” that will be vulnerable as “bad times come” and property prices...
General Motors will temporarily shut down two more plants as automakers continue to struggle with major supply chain disruptions, particularly in computer chips. The company will idle its plant in Spring Hill, Tennessee, for one week and Lansing Delta...
Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world's biggest producer, stoked worries about oversupply. Concerns around future oil demand amid weakening global economic growth and doubts...
Warren Buffett hasn’t emerged yet as a white knight for regional banks in this current crisis. What he has done, however, is sidestep damage to Berkshire Hathaway’s portfolio. The Oracle of Omaha sold a large portion of Berkshire’s holdings in US banks between 2020 and 2022, some just months before...
The man known as "Roaring Kitty" on social media, whose online posts helped spark January's trading frenzy in GameStop Corp (GME.N), exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported.
President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity for investors. “They’re raising interest rates too fast because they think the economy is so good....
Cautious and aggressive investors both might find opportunities in a bear market. Last year, all three major indexes ventured into bear territory. This kind of movement usually doesn't inspire investors to go on a stock-shopping spree. They fear declines will worsen, and therefore so will their losses. But it's important to...
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